- High-CV grades fetch strong premiums
- Vedanta, Indermani emerge as top buyers
South Eastern Coalfields Ltd (SECL) sold around 462,200 t of coal in its auction held on 9 September 2025, with G11 dominating.
Grade-wise performance
G11 emerged as the clear leader, with 304,000 t. Winning prices averaged INR 2,056/t, significantly higher than the INR 1,418/t reserve, indicating strong demand for low-CV material. Among high-CV grades, G3 and G4 attracted robust bidding. Additionally, 20,000 t of G3 were secured at INR 4,141/t, the highest premium over reserve. G4 also showed strength, with 30,000 t fetching INR 4,415/t, well above its floor price.
G6 and G8 received healthy attention, reflecting blending requirements. Of these, 39,000 t of G6 were booked, averaging INR 3,698/t compared to INR 3,305/t reserve. Moreover, 42,200 t of G8 were allocated from Rajnagar, Jhilmili, and Bangwar UG, booked at INR 2,594/t against INR 2,312/t reserve, reflecting moderate buyer interest. In contrast, G5 (25,000 t) and G7 (2,000 t) saw weaker traction, clearing at reserve levels of INR 3,597/t and INR 3,040/t, respectively, indicating subdued appetite for select grades.
Top buyers
Vedanta Ltd emerged as the top buyer with 80,000 t booked at an average winning price of INR 2,208/t. Other significant allocations went to Indermani Mineral (46,000 t at INR 2,365/t), RJA Constructions (31,000 t at INR 2,028/t), Shelter Infra Developers (20,000 t at INR 4,016/t), and Param Mitter Ventures (15,000 t at INR 2,038/t).
Market scenario
The auction reflected clear divergence in buyer preference. Higher-CV grades such as G3, G4, and G6 commanded premiums as blending requirements supported demand. On the other hand, mid-CV grades such as G5 and G7 witnessed limited competition and sold at reserve levels. This selective buying pattern underscores the cautious yet firm interest in quality grades amid muted sentiment for weaker varieties.
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